|Bid||55.000 x 0|
|Ask||55.150 x 0|
|Day's range||54.350 - 55.850|
|52-week range||36.591 - 55.950|
|PE ratio (TTM)||10.06|
|Dividend & yield||0.29 (4.64%)|
|1y target est||53.51|
A Nan Fung Group unit outbid 11 other developers to win property in Hong Kong’s Kai Tak area for HK$24.6 billion ($3.2 billion), the highest amount ever for a commercial site sold by the government.
Hong Kong developer Henderson Land outbid eight rivals, and for once outspent mainland competitors, in landing the first significant office plot in Central in two decades.
A record bid for a car park shows why commercial real estate costs may be heading south.